$ORCL fell 7% over the past 24 hours, with the price hovering around $138. A strange anomaly: while the price is dropping, the funding rate is positive at 0.00028.
This usually means the bulls are still stubbornly holding on—or even adding to positions—by paying funding costs for their long exposure. Against the macro backdrop of pressure on the overall U.S. stock market, this counter-cyclical adding behavior is essentially stacking up liquidation risk for themselves. Open interest stands at 165,000 contracts—not especially extreme, but the funding rate suggests the bulls haven’t given up yet.
The strongest counter-evidence is that the U.S. tech sector suddenly rebounded in unison due to a macro positive catalyst (e.g., rate-cut expectations arriving earlier).
Trading tag: #TradFi #链上美股 #ORCL
Where do you think this thesis is most likely to be wrong?
This usually means the bulls are still stubbornly holding on—or even adding to positions—by paying funding costs for their long exposure. Against the macro backdrop of pressure on the overall U.S. stock market, this counter-cyclical adding behavior is essentially stacking up liquidation risk for themselves. Open interest stands at 165,000 contracts—not especially extreme, but the funding rate suggests the bulls haven’t given up yet.
The strongest counter-evidence is that the U.S. tech sector suddenly rebounded in unison due to a macro positive catalyst (e.g., rate-cut expectations arriving earlier).
Trading tag: #TradFi #链上美股 #ORCL
Where do you think this thesis is most likely to be wrong?